an idea of how I look at indicator plots without harming my eyes or patience
the S&P is clearly determined to hang onto the true range +1 level and go no higher
it has as of this post just managed to climb above the rsi and standard deviation 60 and +1 levels, which has been sold back under the aforementioned levels repeatedly over the past few days
risk is s&p runs away to the upside; closing out the short/going long if we get halfway to the next set of upper levels would be wise
this example also shows you how the levels of the 14 period rsi, standard deviaton and true range indicators of an input period of 20 are all extremely similar and the confluence of these indicators can stop even the ES contract from natural price discovery for almost a month
the S&P is clearly determined to hang onto the true range +1 level and go no higher
it has as of this post just managed to climb above the rsi and standard deviation 60 and +1 levels, which has been sold back under the aforementioned levels repeatedly over the past few days
risk is s&p runs away to the upside; closing out the short/going long if we get halfway to the next set of upper levels would be wise
this example also shows you how the levels of the 14 period rsi, standard deviaton and true range indicators of an input period of 20 are all extremely similar and the confluence of these indicators can stop even the ES contract from natural price discovery for almost a month